FedEx expects to ship 280 million packages between Thanksgiving and Christmas, up 13 percent from a year ago, thanks to consumers' growing fondness for shopping online.
Sprint is buying out the founder of Clearwire to gain majority control of the wireless network operator. The move follows the pledge by Japan's Softbank to infuse Sprint with cash by buying a majority stake in it.
The federal budget deficit has topped $1 trillion for a fourth straight year. But the deficit for the just-ended 2012 budget year is $207 billion less than last year.
Stocks are rising in early trading on Wall Street after the government reported that the U.S. unemployment rate fell below 8 percent for the first time in almost four years.
Orders to U.S. factories fell in August, mostly because of a sharp drop in volatile aircraft orders. The decline offset an increase in orders that reflect corporate investment plans.